Rooming House – Accommodation – (Freehold & Business Sale)

Croydon
Ref: 8265
$ 2,500,000

Rooming House – Accommodation – (Freehold & Business Sale)

Croydon
$ 2,500,000

Description

Print

Rooming House – Accommodation – (Freehold & Business Sale)
Rare opportunity to enter the accommodation sector
Large allotment with main road location
Located on large land size of 1201 sqm
Includes 12 individual rooms, with communal kitchen, dining, bathrooms, and laundry
Current income derived from renting individual rooms
Excellent annual return of $186,000
Guaranteed income stream via Centrelink
Growth potential both in land value and rental returns
Clean, well-kept shared facilities throughout
Building and grounds in very good condition
Future development opportunities also available (STCA)
Will suit investors and owner/operators
Much sought after investment/business opportunity
Inspection highly recommended
Sale price includes land, buildings, goodwill and fittings
Note, image not actual only for advertising purposes
Asking Price $2.5 Million
Call Jimmy on 0478 398 150 for initial discussion

This business is exclusively listed with BPA Business Brokers
Our Ref: 8265

Location